Carotenoid Market  is expected to expand at a high-value CAGR of 2.4% to US$ 1.6 Bn by the end of 2033

In Carotenoid Market  demand for carotenoids in the food and beverage business has increased due to the rising incidence of eye illnesses and cancer. Sales of functional food products are still quite high because of the growing need for illness prevention. The producers have seen a considerable increase in demand for carotenoids due to the need to provide healthy food items with biologically active food ingredients.

A growing demand for carotenoid in the cosmetics sector is related to its increased vitamin A characteristics. During the projected period, these factors are anticipated to have an impact on the global market for carotenoids.

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Growing demand for fortified and functional food products is a result of rising health concerns about immunity, the brain and memory, and the digestive system. Increased preference for functional food items in the food sector is furthered by the prevalence of various cardiovascular disorders, such as heart disease. Demand for functional food products has also increased due to the growing need for prophylaxis against other diseases including cataracts and geriatric muscle degeneration.

Epilepsy, infertility, heartburn, high blood pressure, depression, and Alzheimer's disease are a few more medical conditions driving the expansion of the global market for carotenoids. Demand for carotenoids is predicted to rise as long as there is a need for functional food products, food colouring goods, dietary supplements, and food pigments.

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Companies Covered in This Report - Carotenoid Market 

Algatechnologies
Allied Biotech
AquaCarotene
BASF
Hansen
Cyanotech Corporation
DDW The Color House
Doehler Group
EID Parry
ExcelVite
Farbest Brands
FMC Corporation
Guangzhou Leader Bio-Technology
Kemin Industries
Royal DSM N.V.
Others

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Market Taxonomy : Carotenoid Market 

Carotenoid Market By Region : North Americ, Latin America, Europe, Japan, APEJ, MEA

Carotenoid Market By Product Type : Beta-Carotene, Lutein, Astaxanthin, Canthaxanthin, Lycopene, Others

Carotenoid Market By Application : Food & Beverage Industry, Feed Industry, Dietary Supplements, Pharmaceutical products, Cosmetic & Personal care, Other Applications, Source, Synthetic, Natural

Demand in the food and beverage business is anticipated to stay high as long as there is a significant demand for functional food products. The food and beverage sector segment, which is predicted to develop at the fastest rate and reach a value of over US$ 2,400 Mn by the end of 2026, is the application-based market segment. However, during the anticipated period, the pharmaceutical products source sector is anticipated to develop at the quickest rate globally.

By the end of 2026, the synthetic carotenoids segment, based on source, is projected to earn considerable revenues, with a value of approximately US$ 4,700 Mn. On the other hand, over the projected period, the natural source sector is anticipated to record the greatest CAGR.

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Coconut milk market : https://www.prnewswire.com/news-releases/coconut-milk-market-is-expected-to-reach-us-3-77-bn-by-the-year-2032--persistence-market-research-301487264.html

Dried fruits market : https://www.prnewswire.com/news-releases/dried-fruits-market-is-projected-to-propagate-at-a-cagr-of-5-5-by-2032--301489480.html

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